Southbank continues to attract development attention
The deeper pockets of Southbank continue to tick over as developers line up the next wave of apartment projects in the area.
Most recent to planning is 83-89 Coventry Street, with the large corner site of 976sqm landing with City of Melbourne in recent days. Proposed is a 20 storey reisdential tower with ground level retail and basement carparking.
At the time of sale near on two years ago, the site was offered by Colliers with a "World class scheme for a new iconic tower prepared by one of Melbourne’s best architects." With the passage of time, it likely that a new scheme has been created for the site which abutts the area's tallest building under construction, Kings Domain the 24 storeys.
83-89 Coventry Street joins 175-187 Sturt Street, which is the precint's other major apartment development at planning.
Lodged during July, the development application calls for a mixed use building which would replace a low-rise commercial complex. Although the scheme has yet to be advertised, likely images of the development have appeared on the website of G3 Projects in recent times.
Its sweeping form and unique exterior finishes make the tower an aesthetically pleasing sight, while its height is lower to that of the diagonally opposite 250 Sturt Street, which won approval at 16 levels.
In terms of projects nearing public launch, a selling agent has been appointed to The Evermore.
Across a large Dorcas Street land holding, Xu Hui International Group operating as Landence Group in Melbourne, is expected to launch full retail sales of for the twin towered project in the new year. Designed by Hayball, the project initially gained approval for 492 apartments although it has since been refined by the development team, with 400 plus apartment still expected.
The balance of active apartment projects in this pocket of Southbank is split between Evolve Development's Botanic which is at tender, and the under construction Coventry Haus and Kings Domain.
The combination of the above projects would add approximately 1,000 apartments to the areas already healthy population.
